The FCA: Enhancing climate-related disclosures by asset managers, life insurers and FCA-regulated pension providers (cp21/17), PLSA response

In June 2021, the Financial Conduct Authority (FCA) published a consultation on mandatory climate-related financial disclosures by asset managers, life insurers and FCA-regulated pension providers. 

The PLSA asks that the FCA’s proposals for metrics should be more closely aligned with the Department for Work and Pensions’ (DWP’s) requirements, to allow for greater consistency. This includes providing clarity on the definitions of ‘relevant assets’ and revisiting products in scope to allow for a more coherent approach to TCFD disclosures. This will allow clarity within the industry on expectations, and will limit confusion around what figures are the “more accurate” ones.